Pyxis Finvest Limited Discloses Related Party Transactions for Half Year and Year Ended 31 March 2026

2 min read     Updated on 18 May 2026, 09:39 PM
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Pyxis Finvest Limited disclosed its Related Party Transactions for the half year and year ended 31 March 2026, as required under Regulation 23(9) of SEBI LODR Regulations, 2015. The transactions include remuneration of Rs. 0.18 crore to Promoter Director Uttam Bharat Bagri and Rs. 0.06 crore to CFO Utsav Uttam Bagri, broking and demat services worth Rs. 0.01 crore from BCB Brokerage Pvt Ltd, an unsecured loan of Rs. 4.4 crore at 15% interest for 11 months for working capital purposes, and interest on loan amounting to Rs. 0.19 crore. All transactions were within audit committee-approved limits and were filed with BSE Limited on 18 May 2026.

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Pyxis Finvest Limited has submitted its disclosure of Related Party Transactions (RPTs) for the half year and year ended 31 March 2026, pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made to the Department of Corporate Services, BSE Limited, on 18 May 2026, and was digitally signed by Company Secretary Yojana R. Pednekar.

Related Party Transactions Overview

The disclosure covers five distinct transactions involving Pyxis Finvest Limited and its related parties, spanning remuneration to key personnel, broking and demat services, and loan-related transactions. All transactions were reported with nil opening and closing balances unless otherwise specified.

The following table summarises the RPTs disclosed for the reporting period:

Transaction Detail: Details
Reporting Period: Half year and year ended 31 March 2026
Filing Date: 18 May 2026
Regulatory Reference: Regulation 23(9), SEBI LODR Regulations, 2015

Transaction-Wise Disclosure

The detailed breakdown of each related party transaction, as disclosed in Annexure 1, is presented below:

S. No: Counterparty Relationship Transaction Type Approved Limit Value During Period
1 Uttam Bharat Bagri Promoter Director Remuneration Upto Rs. 0.84 Crore p.a. Rs. 0.18 crore
2 Utsav Uttam Bagri CFO - Part of Promoter Group Remuneration Rs. 0.12 Crore p.a. Rs. 0.06 crore
3 BCB Brokerage Pvt Ltd Company under common management Broking and Demat Services Upto Rs. 0.10 Crore p.a. Rs. 0.01 crore
4 BCB Brokerage Pvt Ltd Company under common management Loan Upto Rs. 100 Crore Rs. 4.4 crore
5 BCB Brokerage Pvt Ltd Company under common management Interest on Loan Upto Rs. 100 Crore Rs. 0.19 crore

Loan Transaction Details

Among the disclosed transactions, the loan extended to BCB Brokerage Pvt Ltd carries specific terms as reported in the filing. The key parameters of this loan are as follows:

  • Nature: Unsecured loan
  • Interest Rate: 15%
  • Tenure: 11 months
  • End-Usage: Working capital
  • Opening Balance: Nil
  • Closing Balance: Nil

The interest on this loan, amounting to Rs. 0.19 crore during the reporting period, was also disclosed separately under the audit committee-approved limit of Upto Rs. 100 Crore.

Compliance and Filing Details

The disclosure was filed in accordance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All transactions were conducted within the limits approved by the audit committee, and opening as well as closing balances for remuneration and broking transactions were reported as nil. The filing was submitted on behalf of Pyxis Finvest Limited by Company Secretary Yojana R. Pednekar.

Historical Stock Returns for Pyxis Finvest

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-67.25%

Will Pyxis Finvest increase its loan exposure to BCB Brokerage beyond the current Rs. 4.4 crore utilization, given the approved limit of Rs. 100 crore, and what would drive such expansion?

How might SEBI's evolving regulatory stance on related party transactions impact Pyxis Finvest's future dealings with BCB Brokerage Pvt Ltd, particularly for unsecured loans at 15% interest?

Could the concentration of related party transactions with a single entity, BCB Brokerage Pvt Ltd, raise corporate governance concerns among institutional investors or proxy advisory firms in upcoming shareholder meetings?

Pyxis Finvest Reports ₹1.10 Crore Net Loss for Year Ended March 2026

4 min read     Updated on 18 May 2026, 09:26 PM
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AI Summary

Pyxis Finvest Limited reported a net loss of ₹1.10 crore for the year ended March 31, 2026, reversing a ₹0.33 crore profit in FY25, as total expenses surged to ₹2.95 crore driven by NPA provisions, fair value losses, and bad debt write-offs. Revenue from operations rose marginally to ₹1.54 crore, while total assets stood at ₹19.78 crore and cash and cash equivalents improved to ₹3.90 crore. The audited results were approved by the board on May 18, 2026, with an unmodified audit opinion issued by M/s. Bharat Gupta & Co.

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Pyxis Finvest Limited reported a net loss of ₹1.10 crore for the financial year ended March 31, 2026, reversing a net profit of ₹0.33 crore recorded in the previous fiscal year. The company's board approved the audited standalone financial results during a meeting held on May 18, 2026, which commenced at 3:15 p.m. and concluded at 5:05 p.m. The statutory auditors, M/s. Bharat Gupta & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial statements.

Financial Performance

Total revenue from operations for the year stood at ₹1.54 crore, a marginal increase from ₹1.48 crore in the prior year. Interest income contributed ₹0.85 crore, while dividend income stood at ₹0.03 crore. The company also recognised ₹0.55 crore as bad debts recovery related to NSEL losses, pursuant to legal developments and reasonable certainty of receipt. Total expenses for the period rose significantly to ₹2.95 crore from ₹1.93 crore in the previous year, primarily driven by a provision for NPA/standard assets of ₹0.85 crore, net loss on fair value changes of ₹0.84 crore, bad debts written off of ₹0.62 crore, and employee benefit expenses of ₹0.57 crore. The company's basic and diluted earnings per share (EPS) for the year stood at (0.96), compared to 0.29 in the previous year.

The following table summarises the standalone financial results for the year:

Particulars: Year Ended 31-Mar-26 Year Ended 31-Mar-25
Total Revenue from Operations (₹ Crore): 1.54 1.48
Total Expenses (₹ Crore): 2.95 1.93
Profit/(Loss) Before Tax (₹ Crore): (1.42) 0.45
Net Profit/(Loss) for the Period (₹ Crore): (1.10) 0.33
Basic EPS (₹): (0.96) 0.29
Diluted EPS (₹): (0.96) 0.29

Half-Year Performance

For the half-year ended March 31, 2026, Pyxis Finvest reported a net loss of ₹0.91 crore on total revenue of ₹0.78 crore, compared to a net loss of ₹0.26 crore on total revenue of ₹0.49 crore for the half-year ended March 31, 2025. The half-year ended September 30, 2025 recorded a net loss of ₹0.20 crore on total revenue of ₹0.75 crore.

Particulars: H2 FY26 (31-Mar-26) H1 FY26 (30-Sep-25) H2 FY25 (31-Mar-25)
Total Revenue (₹ Crore): 0.78 0.75 0.49
Total Expenses (₹ Crore): 2.00 0.95 0.75
Net Profit/(Loss) (₹ Crore): (0.91) (0.20) (0.26)
Basic EPS (₹): (0.79) (0.17) (0.22)

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹19.78 crore, slightly lower than ₹20.33 crore in the previous year. Cash and cash equivalents improved significantly to ₹3.90 crore from ₹1.82 crore. Loans stood at ₹13.65 crore compared to ₹13.31 crore, while investments increased to ₹1.28 crore from ₹0.30 crore. Total equity attributable to owners of the parent decreased to ₹18.78 crore from ₹19.89 crore, comprising equity share capital of ₹11.50 crore and other equity of ₹7.28 crore. Total liabilities increased to ₹0.99 crore from ₹0.44 crore, primarily on account of provisions rising to ₹0.98 crore from ₹0.05 crore.

Particulars: As at 31-Mar-26 (₹ Crore) As at 31-Mar-25 (₹ Crore)
Cash and Cash Equivalents: 3.90 1.82
Loans: 13.65 13.31
Investments: 1.28 0.30
Total Assets: 19.78 20.33
Total Equity (Attributable to Owners): 18.78 19.89
Total Liabilities: 0.99 0.44

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was ₹0.52 crore, compared to ₹3.45 crore used in the previous year. Net cash from investing activities stood at ₹2.59 crore for the year, driven primarily by maturity of bank balances. There were no financing activities during the year. The net increase in cash and cash equivalents for the year was ₹2.07 crore, bringing the closing cash and cash equivalents to ₹3.89 crore from an opening balance of ₹1.82 crore.

Cash Flow Particulars: Year Ended 31-Mar-26 (₹ Crore) Year Ended 31-Mar-25 (₹ Crore)
Net Cash from/(used in) Operating Activities: (0.52) (3.45)
Net Cash from/(used in) Investing Activities: 2.59 4.81
Net Cash from/(used in) Financing Activities: - 1.70
Net Increase/(Decrease) in Cash & Equivalents: 2.07 (0.34)
Closing Cash and Cash Equivalents: 3.89 1.82

The company confirmed that there were no material adjustments pertaining to earlier periods affecting the financial results. No dividend was declared or recommended for the year. The company operates as a single segment and is listed on the SME platform of BSE Limited.

Historical Stock Returns for Pyxis Finvest

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-67.25%

How will Pyxis Finvest manage its rising NPA provisions and bad debt write-offs to return to profitability in FY27, given that total expenses nearly doubled revenue in FY26?

What is the expected timeline and total recovery amount from NSEL-related legal proceedings, and could future recoveries materially offset the company's operational losses?

With total equity eroding from ₹19.89 crore to ₹18.78 crore in a single year, at what point might Pyxis Finvest need to raise additional capital to sustain its lending operations?

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